Canadian Pacific Kansas City Limited

ITEM 1.01. Entry into a Material Definitive Agreement. On July 6, 2026, Canadian Pacific Railway Company (“CPRC”), a wholly owned subsidiary of Canadian Pacific Kansas City Limited (the “Company”), and the Company entered into a second amending agreement, dated as of July 6, 2026 (the “Second Amending Agreement”), which amends the third amended and restated credit agreement, dated as of June 25, 2024, among CPRC, as borrower, the Company, as covenantor, Bank of Montreal, as administrative agent, and the various lenders party thereto, as amended by the first amending agreement, dated as of August 20, 2025 (as amended, the “Credit Agreement”). The Second Amending Agreement amends the Credit Agreement to provide for the extension of the 5 Year Maturity Date (as such term is defined in the Credit Agreement) from June 25, 2030 to June 25, 2031 for the 5 Year Facility (as such term is defined in the Credit Agreement) and the extension of the 2 Year Maturity Date (as such term is defined in the Credit Agreement) from June 25, 2027 to June 25, 2028 for the 2 Year Facility (as such term is defined in the Credit Agreement). The foregoing description of the Second Amending Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amending Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.